Seattle Genetics Inc. said Wednesday that its financial losses narrowed in the second quarter because of higher revenue from licensing and collaborative agreements with Bayer and others drugmakers.
Full story

WASHINGTON (Reuters) - Sanofi SA's allergy drug Nasacort AQ is safe enough to be used without a prescription, a panel of advisors to the U.S. Food and Drug Administration ruled on Wednesday.
Full story

Shares of Cubist Pharmaceuticals Inc. climbed to their highest price in 13 years Wednesday after the company said it will spend up to $1.6 billion to buy Optimer Pharmaceuticals and Trius Therapeutics.
Full story

(Reuters) - Shares of Questcor Pharmaceuticals Inc &lt;QCOR.O&gt; rose as much as 26 percent to a life-high on Wednesday, after strong sales growth for Acthar allayed concerns that reimbursement issues would restrict sales for newer uses of the drug.
Full story

Video

Americans are estimated to spend as much as $86 billion a year in search of back pain relief, but a new study suggests less can be more when it comes to treatment. TODAY’s Savannah Guthrie reports and sports medicine specialist Dr. Jordan Metzl discusses the study.

Milwaukee Brewers outfielder Ryan Braun was suspended Monday by MLB after he admitted using performance enhancing drugs. Chris Hayes talks with Michael Brendan Dougherty, Editor of The Slurve, about the crackdown against performance enhancing drugs in baseball.

Kevin Dwyer and his sister Martha Weber both have the same strain of cystic fibrosis, the same insurance company, and the same doctor, who requested they each be given a potentially life-saving drug. But in a stunning twist, only Martha was approved. NBC’s Jeff Rossen reports.

Related Photos

A Cheetah cub is given worming medicine by veterinary staff during a health check in its enclosure at Chester Zoo in northern England July 31, 2013. The eight week old cub, along with its sibling and two Sumatran tiger cubs, were weighed, sexed and vaccinated on Wednesday for the first time since th

The logo of drugs and chemicals group Merck is pictured at one of its branches in central German city of Darmstadt in this file photo from March 7, 2012. Merck & Co's quarterly revenue fell short of Wall Street expectations July 30, 2013, on lower sales of its consumer health and animal health produ

An employee works at SciVac's laboratory in the central Israeli city of Rehovot July 14, 2013. The Israeli drug company SciVac is seeking U.S. approval for a widely used hepatitis B vaccine as part of a push for increased global sales of a product which it says could stem global growth in the diseas

Papers, pill bottles and other paraphernalia fill the shelves in Dr. Byron Harbolt's Cathedral Canyon Clinic in Altamont, Tennessee July 14, 2013. Harbolt, 89, who charges as little as $15 for an office visit, sees patients six days a week in the rural clinic he opened in 1960. Photo taken July 14